Dollar dips versus the Japanese yen in early US session after data showed initial jobless claims unexpectedly rose to 412k in the week ended April 9. That's the highest number in two months and much worse than market expectation of 380k. COntinuing claims, though, dropped by 58k to 3.68m in the week ended April 2, the lowest number since September 2008. Headline PPI missed expectation and rose 0.7% mom, 5.8% yoy in March only while core PPI rose 0.3% mom, 1.9% yoy. USD/JPY extends recent pull back from 85.51 an breaches 83 level after the release while the Japanese yen also strengthen mildly. USD/CHF made new record low earlier today and remains soft for deeper decline.
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